The Equipment Leasing & Finance Foundation’s April 2024 Monthly Confidence Index for the Equipment Finance Industry reported that overall confidence in the equipment finance market is 52.9, the second-highest mark for the index in the last two years but a decline from last month’s mark of 55.2. read more

APR 18, 2024 - 6:31 am

Maxim Commercial Capital, a provider of loans and leases from $10,000 to $3 million collateralized by Class 6 and 8 trucks, trailers, heavy equipment and real estate, provided equipment purchase and cash out financings in 31 states during Q1/24. read more

APR 18, 2024 - 6:31 am

According to preliminary data from ACT Research, net trailer orders decreased nominally from February to March. At 13,600 units, orders also were lower compared to last March, down 24% year over year. read more

APR 18, 2024 - 6:31 am

MidFirst Bank entered into a definitive agreement to acquire the Houston banking locations of Amerant Bank, the main subsidiary of Amerant Bancorp. MidFirst will will gain Amerant’s Houston client relationships totaling approximately $576 million in deposits and $529 million in loans. read more

APR 18, 2024 - 6:31 am

Paul Casey will join Citizens Financial as head of wealth management, effective July 9. Casey has more than two decades of experience from Morgan Stanley, where he held increasingly responsible leadership positions. read more

APR 18, 2024 - 6:28 am

First Horizon promoted Tracy Bell to chief investment officer of First Horizon Advisors, the wealth management subsidiary of First Horizon. In this role, Bell will lead the First Horizon Advisors investment team in addition to the bank’s Women & Wealth client initiative. read more

APR 18, 2024 - 6:26 am

Driven by strong consumer spending and a resilient labor market, the U.S. economy continues to expand at a healthy clip, according to the Q2/24 update of the 2024 Equipment Leasing & Finance U.S. Economic Outlook from the Equipment Leasing & Finance Foundation. Real equipment and software investment growth is projected to be 2.2% in 2024, with activity expected to pick up in the latter half of the year. read more

APR 17, 2024 - 6:28 am

Global Jet Capital, a global financial solutions company for business aircraft, closed its BJETS 2024-1 securitization, raising approximately $575 million. BJETS 2024-1 is Global Jet Capital’s seventh asset-backed security offering, bringing its total assets securitized to approximately $5.1 billion and bonds issued to approximately $4.2 billion. read more

APR 17, 2024 - 6:28 am

Finova Capital closed on a senior credit facility with a specialty lender. The company will use the $30 million facility to originate new equipment leases. read more

APR 17, 2024 - 6:28 am

According to Grant Thornton’s Q1 2024 CFO survey, more than one-third (34%) of CFOs are “very optimistic” about the U.S. economy, marking an 11-quarter high for the survey. At the same time, 12% of CFOs said they were pessimistic, marking an 11-quarter low. read more

APR 17, 2024 - 6:28 am

At the National Private Truck Council’s upcoming 2024 Annual Conference and Exhibition, Fleet Advantage will be unveiling its newest data resource: the Unbundled Full-Service Lease Comparative Index (UFSLCI), which provides calculations to help private fleets determine whether unbundling suits their operations. read more

APR 17, 2024 - 6:28 am

Origis Energy, a renewable energy and decarbonization company, closed a $136 million construction financing facility and conversion to term loan with MUFG for its Rice Creek Solar project under construction in Putnam County, FL. read more

APR 17, 2024 - 6:28 am

TD Bank promoted Matthew Boss to head of U.S. consumer banking. In his expanded role, Boss will be responsible for TD's more than 1,100 store locations, contact centers, digital sales and capabilities, retail operations, U.S. wealth and TD Auto Finance. read more

APR 17, 2024 - 6:25 am

First Horizon will promote Thomas Hung from executive vice president and head of franchise finance to senior executive vice president and chief credit officer, effective Oct. 1. Hung will succeed Susan Springfield, who has served in the role since 2013 and will retire. read more

APR 16, 2024 - 6:49 am

Wintrust Financial entered a definitive agreement to acquire Macatawa Bank Corporation, the parent company of Macatawa Bank, a Michigan state-chartered bank, in an all-stock transaction valued at approximately $510.3 million. read more

APR 16, 2024 - 6:48 am